Money does make you happy

Today, I came across an article that removed all doubts about whether money makes us happy or is the source of all unhappiness. I share it with you:

"Rich people are happier than their poorer compatriots, researchers claim. Several recent papers by top economists have concluded that economic growth - and the higher gross domestic product (GDP) per person and improved wages that usually accompany it - does actually improve happiness and well-being.

The paper showed that richer citizens report higher well-being than their poorer compatriots, at any given point as well as over time; that people in richer countries are happier than those in poorer countries; and that GDP growth boosts well-being.

These findings are confirmed by an excellent paper from Ruut Veenhoven and Floris Vergunst. Using statistics compiled as part of the World Database of Happiness, they discover a positive relationship between GDP growth and improving happiness. GDP and happiness have gone up in most countries, and average happiness has risen more in nations where the economy has grown the most.

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